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AGENT'S DETAILS


MIXED-USE INVESTMENT FOR SALE

For sale: £895,000.00|Flat, General Retail, Retail - High Street, Residential, Retail

PROPERTY DETAILS

FOR SALE£895,000.00
ADDRESS114-122 Kings Road, Brentwood, Essex
TYPEFlat, General Retail, Retail - High Street, Residential, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON22nd March 2021

DESCRIPTION

LOCATION
The building is situated very close to Brentwood Town Centre a few minutes’ walk to the High Street that has an abundance of well-known retailers, restaurants and cafés.

Brentwood mainline station (Great Eastern and in a few months Elizabeth/Crossrail) is within a 2/3-minute walk away with direct routes in to Liverpool Street (40 mins)

DESCRIPTION
Comprising of a mixed-use property with 3 retail units, all let on FRI terms and 15 flats sold off on long leases

Additional income can be obtained by an advertising hoarding (awaiting planning approval) on the side of the building, this will bring in a further £2,000 per month.

INCOME (Tenancy Schedule on p. 3)
3 X Retail Units - £60,000 pax
15 x Ground Rents - £3,750 pa
Total Income - £63,750 pax

METHOD OF SALE
The property is for sale by the way of private treaty.

TENURE
The site is being sold freehold with existing tenancies.

PRICE
Guide Price: £895,000, subject to contract

FURTHER INFORMATION
Via agent
Jason Grant
jason@countrywidecomm.co.uk
0208 506 9905

LOCATION

Location: 114-122 Kings Road, Brentwood, Essex

Upminster (4.5 miles)

Upminster Bridge (4.8 miles)

Hornchurch (5.5 miles)

Brentwood (0.1 miles)

Shenfield (1.6 miles)

Harold Wood (3.2 miles)

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